High volatility swept through the financial markets during trading on Monday and is likely to persist into Tuesday (July 22, 2025). The focus remains on the trade negotiations between the United States and several key trading partners, which have yet to show any signs of reaching an agreement.
The European Union is reportedly preparing a plan to increase tariffs on products from the United States, in anticipation of trade talks failing to reach a resolution before August 1.
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This development has propelled Gold (XAUUSD) prices, pushing them back above US$3,400 per troy ounce, marking the highest level in the past month. The risk of a trade war escalating once again has heightened Gold’s appeal as a safe haven investment.
Despite this, U.S. stock indices continue to rise, with Nasdaq once again setting a new all-time record at 23,423. The relatively strong U.S. economy is providing positive sentiment towards stock indices. Additionally, earnings reports from companies are garnering attention this week, particularly from Alphabet, the parent company of Google. Expectations for robust earnings reports are also boosting Nasdaq’s performance.
